Business & Economics

In 2007, the UK Parliament passed the Legal Services Act, with the goal of liberalizing the market for legal services in England and Wales and encouraging more competition—in response to the governmentally commissioned “Clementi” report finding the British legal market opaque, inflexible, overly complex, and insulated from innovation and competition.

As Nehru was India’s longest serving prime minister, and both triumph as well as tragedy had accompanied his tenure, this is a fit occasion for a public debate on what had been attempted in the Nehru era and the extent of its success.

Although the media hype is usually most frenetic during presidential election years, this season’s mid-term elections are generating a great deal of heat, if not much light. By October 13, contestants in 36 gubernatorial races had spent an estimated $379 million on television ads, while hopefuls in the 36 Senate races underway had spent a total of $321 million. For those addicted to politics, newspapers and magazines have long provided abundant, sometimes even insightful coverage.

While food insecurity in America is by no means a new problem, it has been made worse by the Great Recession. And, despite the end of the Great Recession, food insecurity rates remain high. Currently, about 49 million people in the U.S. are living in food insecure households. In a recently-released article in Applied Economics Policy and Perspectives my co-authors, Elaine Waxman and Emily Engelhard, and I provide an overview of Map the Meal Gap, a tool that is used to establish food insecurity rates at the local level for Feeding America.

Organizing and organizations have largely been seen as spatial constructs. Organizing has been seen as the connecting of individuals and technologies through various mechanisms, whereas organizations have been construed as semi-stable entities circumscribed by boundaries that separate them from their external environments.

A time-traveler, visiting from 1970s Britain, would be surprised by pretty much everything on the modern high street. While prestige brands such as Rolls Royce and Berry Bros. & Rudd have formed part of a much older landscape, the discriminating buyer of the Wilson and Heath eras would be astounded by the topsy-like growth of the modern luxury market.

Throughout history and across cultures, marriage has often been accompanied by substantial exchange of wealth. However, the practice has mostly died out in western societies, which is perhaps why the meanings of these marital transfers are often not well understood. In anthropological terms, a dowry can be seen as a form of pre-mortem bequest to the bride from her parents, while bride-price or groom-price is a transaction between the kin of the groom and the kin of the bride.

The business press and general media often lament that firm executives are exhibiting “short-termism”, succumbing to the pressure by stock market investors to maximize quarterly earnings while sacrificing long-term investments and innovation. In our new article in the Socio-Economic Review, we suggest that this complaint is partly accurate, but partly not.

Political Economy is back on the centre stage of development studies. The ultimate test of its respectability is that the World Bank has realised that it is not possible to separate social and political issues such as corruption and democracy from other factors that influence the effectiveness of its investments, and started using the concept.

The biggest story heading into the 2014-15 National Hockey League (NHL) season appears to not be what is happening with players on the ice. Rather, it is the people working off the ice who evaluate players’ performance on the ice that have a leading role in the NHL’s narrative. The analytics movement has come full force to professional hockey.

For years, social scientists have wondered about what causes political development and what can be done to stimulate it in the developing world. By political development, they mean the creation of democratic governments and public bureaucracies that can effectively respond to citizens’ demands.

Since World War II, homeownership has developed into the major tenure in almost all European countries. This democratization of homeownership has turned own homes from luxury items available to a lucky few into inherent and attainable life goals for many.

Why do organisations that know a crisis can cause intense damage to reputation and value take so few steps to prevent crises from happening in the first place? This is one of the perplexing questions of contemporary management.

It is well known that obesity rates have been increasing around the Western world. The American obesity prevalence was less than 20% in 1994. By 2010, the obesity prevalence was greater than 20% in all states and 12 states had an obesity prevalence of 30%. For American children aged 2 – 19, approximately 17% are obese in 2011-2012. In the UK, the rifeness of obesity was similar to the US numbers.

I have written about the dangers of making economic policy on the basis of ideology rather than cold, hard economic analysis. Ideologically based economic policy has laid the groundwork for many of the worst economic disasters of the last 200 years.

The latest resounding dystopian success is The Hunger Games—a box-office hit located in a nation known as Panem, which consists of 12 poor districts, starved for resources, under the absolute control of a wealthy centre called the Capitol. In the story, competitive struggle is carried to its brutal extreme, as poor young adults in a reality TV show must fight to death in an outdoor arena controlled by an authoritarian Gamemaker, until only one individual remains.